Outlook 12/12: Futures extended gains after The Wall Street Journal reported China is working to increase access to U.S. companies as both countries try to resolve their trade dispute. This plan, the report says, would replace the country's Made in China 2025 plan, a framework aimed at making China a leader in industries like clean-energy cars and robotics.
/ESZ18 Value: YVAH 2666 YPOC 2637 YVAL 2633 GAP 2640.50
/ES Plan: Yesterday market closed bearish but overnight looks more bullish, moving above previous value, into 2652-2684 range, so we've these options:
A) If market remains above YVAH 2666 with bullish internals, become a buyer towards YHOD 2678 HVE 2684 LVN 2700 and HVEs 2719-29.
B) If market starts to move below 2666 with bearish internals, be a seller towards HVE 2652 GAP 2640.50 ONL 2631.50 and HVE 2620.
Today's Economic Calendar
10:00 Atlanta Fed's Business Inflation Expectations
10:30 EIA Petroleum Inventories
01:00 PM 10-Year Note Auction
02:00 PM Treasury Budget
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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Glossary of terms
